Job Description

Loan Closer - Commercial and SBA Loans - On-site

Qualifications

• Bachelor’s Degree (AA) from four-year college or university and two to five years related experience and/or training; or equivalent combination of education and experience.
• Computer skills required: High level proficiency in Microsoft Office Suite.
• Advanced knowledge of lending operations and closing procedures.

Responsibilities

• Reviews the credit files and completes all necessary documentation for SBA packaging files .
• Works closely with commercial lender, business development officer, underwriting, attorneys, document preparation, third-party vendors (i.e., real estate brokers, title companies, insurance agency, etc.) and customers to prepare loan package closing.
• Responsible for timely communication with borrower, commercial lender, and pre-closer regarding missing items needed to complete loan closing.
• Maintain control over loans(s) in process to detect any potential and/or developing problems and ensure all department managers are informed of any issues.
• Orders and reviews UCC/Federal/State/County preliminary lien searches, title commitments, flood search, appraisal, environmental reports, and requests the essential loan documentation as indicated by the credit underwriter and/or Wallis Bank procedures to ensure completeness of loan files.
• Review articles and by-laws/operating agreements, where applicable of partnership, corporation and limited liability company (LLC).
• Review closing documents upon receipt from bank attorney to ensure conformance with the approved loan terms and conditions.
• Ensure prompt payment of Guaranty fee in the SBA/USDA required time frame.
• Reconcile equity injection and make final verification determination.
• Review of AIA contracts, permits, builders’ risk and other construction documents.
• Review scanned loan documents on closed loan file assigned to you by VP/Closing Department Manager before it is given for final Quality Control (QC) review.
• Updates L Drive to reflect pre-post-closing review is complete. Add comments to reflect steps taken for completion. (i.e., all follow up, requests documentation, status, etc.)
• Follow internal audit procedures to ensure files are properly documented and scanned into electronic scanning system.
• Works with the Loan Funding Specialist to ensure smooth transition on construction and multi-disbursement projects.
• Clear any outstanding items, exceptions and liens, prior to or at, closing time.
• Completes annual required compliance training.
• Participate in at least one CRA related event.
• Performs other duties as assigned by management.

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